OMAHA (DTN) -- One sector of agriculture thrived last year as a record-setting drought scorched crops and drained wells.

Companies such as Valmont Industries and Lindsay Corp. -- two of the world's leading irrigation companies -- posted record revenues for 2012 and have seen unprecedented levels of irrigation sales continue into 2013.

"Our business has really blossomed," said Randy Wood, the vice president of sales and marketing for Lindsay's irrigation sector.

Healthy farm incomes, high commodity prices, soaring land prices and an unusually widespread drought last year have pressured farmers to squeeze every last ...

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